Avoiding Tax Practice Mistakes- Part II


Overview
Tax practice and the resolution of tax problems with the Internal Revenue Service can be tedious and outright challenging. This course will show practitioners how to navigate through the confusing IRS system, help them save time, and enable them to avail their clients of all the rights to which they are entitled. The techniques and tools this course provides will make tax practice less “taxing.”

Objectives
Upon completion of this course, participants will be able to:

  • Gain a better understanding of IRS procedures
  • Understand how to avoid major mistakes in dealing with the Internal Revenue Service
  • Find out how to provide the best advice for clients
Emphasis
  • Appeals
    • Preparing protests to the IRS 30-day letter
    • Working and resolving issues with the IRS Appeals Office
    • Negotiating settlement agreements and closing agreements
  • Technical assistance
    • Requesting a private letter ruling or technical advice memorandum
    • Securing IRS §444 elections for S corporations
    • Exempt organization determinations
  • Penalties and interest
    • Abating penalties – failure to file, pay, estimate, deposit, and others
    • Avoiding substantial underpayment of tax and valuation misstatement penalties
    • Avoiding return preparer penalties
    • Abatement of interest
    • Avoiding the filing of frivolous tax returns
Designed For
Tax Practitioners who wish to avoid expensive and time-consuming errors when dealing with the Internal Revenue Service

Prerequisite
Experience in representing or advising clients before the IRS in tax compliance or controversy issues.
 
Preparation
No advance preparation required
 
Level of Knowledge
Intermediate
 
CPE Credit
3 Hours
 
Delivery Method  
Group Internet Based
 
NASBA Field of Study
Taxes

Author
Stuart Sobel